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Offering Financial Literacy Benefit Programs Could Save Businesses $40 Billion

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Employers offering a range of financial support options — such as retirement planning workshops, debt management counseling, and savings incentive programs — can lead to a more stable, productive, and health-conscious workforce. Here are some options: 1.Retirement These tools can be integrated into an employee portal, allowing easy access.

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2023 Financial Forecast: How to Prepare for the Year Ahead

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Now, for the good news: Although there’s bound to be factors that are beyond your control, feeling more confident about your finances can help you navigate whatever comes your way. In the past year, two dynamics in the broader economy have made it especially difficult to stick with a budget and avoid racking up debt.

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4 Smart Money Moves to Plan for Financial Security

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Besides all the external factors that have essentially set them up for, well, failure (think the Great Recession and the COVID-19 pandemic), only 16% of millennials can be considered financially literate, according to George Washington University’s Global Financial Literacy Excellence Center. Trust me: I get it. The key is to start today.

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Want to Retain Your Team? Offer Financial Well-being Programs

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Ladder, a life insurance insurtech company, has suggested that companies would give themselves a leg up in recruiting and retention if they promoted a comprehensive financial well-being program for their employees. . This can be prohibitively expensive for some, especially if you have dependents. Employer-matching programs.

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As I Enter My 60s, Here’s the Advice I Would Give to My Younger Self

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Stand up for yourself more Assertiveness was never my strong suit, especially when I was younger. Ironically, I ended up spending the next 35 years as a freelancer. Play to your strengths—but shore up your weaknesses. But it will also help instill confidence so freelancers don’t get waylaid by imposter syndrome.

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Transforming Your Relationship with Money

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Often, those patterns are reactions to the way we grew up. Once you have your list, think about the fear, shame or any other negative emotion that comes up for you as you look back at each situation. Complete the exercise by writing down the things you think would make you feel confident around your finances. Change takes time.

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5 Different Types of Retirement Plans You Need to Know About

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You’re probably familiar with terms like 401(k) or Roth IRA, which are types of retirement plans. You might be less sure about the particular characteristics of these accounts or how they follow specific rules laid out by the Internal Revenue Service (IRS) to protect your retirement funds. Employers can match contributions.